Word: model
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Dates: during 2000-2009
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...revolutionized American motels by introducing standardization and emphasizing cleanliness and value. The era of the big convention-oriented hotels checked in during the 1970s. And in 1984, New York City nightclub entrepreneur Ian Schrager came up with the boutique hotel concept. But for the most part, the basic business model has changed little: sell travelers perfectly acceptable yet generic places to stay for the night at ever-increasing prices, particularly in the world's major cities...
...Today, several trends make that model ripe for a makeover. The World Tourism Organization predicts global tourism will grow at an average annual rate of 4.1% over the next several years, which means more than a billion tourists a year will be on the move by 2010. And many of them will be economy-minded travelers who often pay less than $100 for a plane ticket and aren't inclined to spend several hundred bucks more for a hotel room. At the same time, large plots of real estate in major cities have become increasingly scarce and expensive, making...
...contrast to Beecham's somewhat orthodox business model, the Yotel is downright radical, attempting to pack guests into much smaller spaces than Western consumers usually encounter. Woodroffe says he was influenced by Japan's capsule hotels, which feature rooms little bigger than the sleeping compartments on trains. Yotel's "pod rooms" will offer a bit more space than Japanese-style cocoons. Still, they're not for the claustrophobic. The largest are just 10.5 sq m, though they're tall enough for even the most statuesque of guests to stand up in. Also jammed into that space: tiny workstations...
...toward new student groups explains the huge number of undergraduate organizations on campus. This profusion is, however, a mixed blessing. “I know that they’re always getting new student groups, so I’m not sure that it’s a sustainable model,” Plant says. “The University’s going to have to devote money to keeping the existing associations afloat, and to funding the new ones...
...complex will use radiant underfloor heating and cooling, rather than the traditional model in which air is blown into rooms...